raghavendrakumart

DR Reddy - Aggressive long - Investment buy

Long
NSE:DRREDDY   DR REDDYS LABS
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4
Seemingly from the highs a complex A-B-C correction is about to end with a ending diagonal in 5th of C + Positive divergence in Day timeframe in RSI and MACD indicators.

Aggressively holding above 2540 on day closing basis..expect a strong rally as part of larger correction OR embark on a journey to new life highs as 5th UP in larger timeframe
Trade active: Breakout of the wedge after a hammer on Friday and now in the process of forming a Bullish Morning star candlestick pattern in Day timeframe.

Shakeout of weaker hands done ....